Which of the following is an element of an operating plan?
A) Developing an organizational mission
B) Preparing financial statements
C) Defining core values
D) Budgeting employee costs

Question

Quizplus · Accepted Answer

An operating plan typically includes details on how the organization will achieve its goals and objectives, including specific strategies, tactics, and actions to be taken. Therefore, preparing financial statements, defining core values, and budgeting employee costs are all important components of an operating plan. Developing an organizational mission, however, is typically part of a broader strategic plan that sets the overall direction for the organization.

Which of the Following Is an Element of an Operating